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CNN
Jan 14, 2013 8:00am PST
to be responsible about this. entitlement problem that we have got with to force him on this debt ceiling issue. i know it seems like we have seen this movie before, but i think this is going to make a fiscal cliff fight look small because republicans are angry about what happened last time, they're angry at their speaker. they believe he capitulated an the spending cut side, they're not willing to do that again, and many republicans are willing to take this right to default and the president is going to say that's irresponsible. >> our senior congressional correspondent dana bash is here. the republicans say the nice's debt is exploding the deficit spending is exploding and they have got to do something about it right now. >> and just as gloria was saying there are certainly a number of rank and file republicans who are willing to make good on the threat that if the president, if the white house and democrats here do not agree to couple every dollar that we increase the debt limit with a dollar of spending cuts that they're willing to default on the u.s.'s loan and taking it to the next level, th
MSNBC
Jan 14, 2013 8:00am PST
or years as he continues to battle with congress in terms of fiscal issues and the debt ceiling. just a matter of minutes ago actually dan pfeiffer, one of the top aides to the t president put out a note that politico breaux this morning where they said that house republicans were considering, among other things, default or possibly a government shutdown. some of the dramatic steps that the republicans of the house are considering. pfeiffer referred to that specifically today saying just another reason -- just one more way that house republicans could make themselves even less popular than they already are right now. we have a pretty good sense of what we're going to hear the president say when it comes to the debt ceiling and fiscal issues. jay carney sort of telegraphed these statements during the briefings last week, the last one was on wednesday where he said, and i pulled up the notes to get it right. he said there are only two options to deal with the debt limit. congress can pay its bill or fail to act and put the nation into default. the line in the sand was clearly drawn duri
CNBC
Jan 15, 2013 7:00pm EST
. >> settling a debt ceiling issue is in the interest of the president and of our country. you have today fitch came out and threatened to decrease the credit rating and they are doing it in a way that areckless because you have outside observers looking at us and i want to highlight a point you made earlier which is the fact that all spending bills are in the constitution. we are looking at a credit card bill that this country has to pay that was in cured by congress by authorizing this spending. >> but peter, you are going to get a budget out of that house. they are late, but i believe they will. it is the senate that hasn't delivered a budge it in years. this is not just about the here and now. this is forward spending. forward spending needs a road map and the taxpayers have a right to know. >> yeah, i think it is pretty rich to call republican ares reckless spepder e spenders her. when president obama was asked to vote on a hike in 2006, the fact that we are raising the debt limit is a result of reckless fiscal policies and that is what president obama says. >> but didn't it explode under
MSNBC
Jan 14, 2013 12:00pm PST
make that point, the president had to try to explain this issue of the debt ceiling and what i think you will see were digestible terms. take a listen. >> this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. >> reporter: he tried to make it very clear that raising the debt ceiling does not automatically authorize future spending. he said he's more than glad to have a balanced approach going to deficit reduction talks in the future but he said that can only happen after the debt ceiling is pushed up by congress. obviously, referring to those republicans in congress that he believes have been obstructing that and what's interesting is one of the first tweets from the press secretary jay carney's twitter account after the news conference is following, basically placing blame on republicans, if people start to stop receiving checks, if we default on the de
Current
Jan 17, 2013 7:00pm PST
to take you back to that -- not the fiscal cliff, the debt ceiling issue that the republicans do seem to be going soft on, i do think one of the reasons why they went so soft is because major traditionally republican lobbying groups were advocating like the chamber of commerce came out strongly saying this is crazy. i'm wondering if there are other traditionally republican groups like law enforcement organizations, you know, the police associations who might tend to be conservatives. if they came out strong and spoke, if the faith community came out strong, those could be groups that would end up moving and you know, shaking that a little bit. just quickly let's take a listen to who senator ted cruz was talking about -- what he thinks is going to happen as a result of the dunn gun debate. take a listen. >> i think the consequence i think he's going to pay a serious political price. and i think the price that's going to be paid on this is going to manifest in senate races in 2014. >> jennifer: your take on that. he's flipping our argument on its head. he think it will benefit the repub
CNBC
Jan 17, 2013 12:00pm EST
of the good and bad. it enables constant debt ceiling issues into the future. >> yeah. it's going to coincide with the debate in washington. thanks for helping us tap us. one last note about e-bay. overall pretty good although there was some expectations that the numbers could have been even better given the overall growth trends in mobile and what pay pal did. the ceo will be on cnbc later on this afternoon. as we hit noon let's get back to headquarters. scott wapner and the "fast money" halftime. >>> carl, thanks so much. welcome to the halftime show. four hours to go until the close. here's where we stan right now on the street. the dow is just about at the highs of the day, up six out of the past seven days. disregard what we're shearing. we're talking about the market because it's higher today and here's what we're following on halftime. banking on the financials. more earnings results are in the books. last year's darlings running out of gas or taking a breath? inside intel the stock is up 8% over the past month. what's the play right now ahead of today's numbers. the traders debate it.
FOX Business
Jan 12, 2013 11:00pm EST
not market -- market all of. gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 points of the stock market. it did not last, thankfully, but it was scary. it may allow the people uneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionally when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going
FOX News
Jan 17, 2013 1:00pm PST
spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. pr
CNBC
Jan 16, 2013 3:00pm EST
of trying to solve the issues with the debt ceiling that are somewhat disturbing to the markets, the eventual solutions could be every bit as disturbing. >> and even bruce mccain with the uncertainties crowneding the economy and what's going on in washington, we've had big inflows into the market and to mutual funds and other things, and that's significant for you, isn't it? >> absolutely. we've seen a willingness to take more risk. i think the downside is that we're also seeing a bit of complacency come into the market, and with uncertainties, especially the fiscal cliff the sequel ahead of us, we think there's opportunities for some disruption of that positive feel-good feeling we're seeing in the market right now. >> all right. how do you want to allocate capital then, bruce? how are you investing in this environment? >> we think it's important not to be taking too little risk, so certainly making sure that you have adequate exposure, especially to things like the emerging markets where the fundamentals of growth are a lot better than they are in the united states is clearly
CNBC
Jan 14, 2013 7:00pm EST
the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a change in course. the republicans ought to leverage the sequester and the c.r. not to shut down the government, but we need to reduce spend
FOX News
Jan 14, 2013 1:00pm PST
issue is what the congress agrees to spend. all the debt ceiling is paying our bills. the cow is out of barn. let's allow us to let any business would do which is pay your bills. >> neil: why is wall street not worried about this. all your worries were trumpeted, why is the street not worried? >> i think we have learned to live in this environment. the reality is we have accepted what appears to be kick the can down the street politics. >> neil: what would you and your fellow ceos do and have a credible debt fix, you probably would have a heart attack, but what would you do? >> it would allow us to feel more secure where we're going. we need to know the rules of the game. that is what we're asking for. i think we as citizens and not business people first. the reality is we know the problems, debt and immigration and reality as a nation when we compete against nation states, how are we going to compete if we can't solve these problems? the issue is not the debt ceiling. the issue is the fundamental core problems of the country and the inability of our congressional leaders and our pol
WETA
Jan 18, 2013 8:30pm EST
shellacked. they tried to force the issue using the debt ceiling in 2011 and using the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending in a government -- the government is spending us into penury. but it failed. the reason is, you cannot govern from one house of congress. that is the lesson. that is the truth. i wrote a column this morning saying, you have to recognize you cannot use these things because in the and you will have to cave. will be humiliated, your ratings will be low, as mark indicated, and you will not get the spending cuts anyways. realism has certainly taken over republican leadership, and i do not think that the republican house is going to want to go over the cliff. >> look and what has happened. the president has gone from dealing with the big problem that faces the whole country, to trying to destroy the republican party. is exactly what the public does not want. that is what is happening. we are turning into small, petty brinksmanship. let's see if we could crush the republican party. he has given up on a larger an
CSPAN
Jan 15, 2013 5:00pm EST
still play domiciled debt ceiling issue and i'm wondering if you can tell me what would have been if congress did not raise the debt ceiling and that would make it such a dangerous option for going forward. >> i think our credit rating would go down. and how would we pay the bills? how would we pay social security? how will we pay veterans? [inaudible] >> now, the republicans are saying pick and choose. and so let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say in my judgment to the republicans, don't do it. you're playing with fire. >> i don't understand that i guess. why are they playing with fire? what would have been? >> those are two different questions. i think republicans have some idea what would have been. we've been through this with the credit rating and i think essentially they know what would have been in so they say let's pick and choose. either way, they haven't said which they would pick and which would be left aside. the president made clear, we are not talking about future expenses. we're
CNBC
Jan 14, 2013 3:00pm EST
ceiling issue. >>> then the ceo of the company that owns the stock exchange. up next with jeffrey sprecher. he will join me exclusively. >>> also facebook has been red hot lately. tomorrow there's a big announcement. could it disappoint or ignite a bigger rally for the stock? coming up. [ male announcer ] you're not the type of person who sets goals and only hopes to achieve them. so you'll be happy to know that when it comes to your investment goals, northern trust uses award-winning expertise to lead you through an interactive investment process. adding precision to your portfolio construction by directly matching your assets and your risk preferences against your unique life goals. we call it goals driven investing. your life has a sense of purpose. shouldn't your investments? ♪ expertise matters. find it at northern trust. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> welcome back. we're following a report that dell is considering selling itself to private equ
CNBC
Jan 15, 2013 3:00pm EST
-bills. at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. neverth
CNBC
Jan 17, 2013 4:00pm EST
the debt ceiling issue so there's some lessening uncertainty but still a lot of uncertainty. so, as we think about '13, i believe if we get some kind of just halfway reasonable leadership out of washington and deal with the debt issue and begin to deal with our fiscal deficits. >> right. >> i think, maria, you could see a real positive lift because people are ready to invest. they need to feel some kind of inspiration, and i think they are ready to invest. >> that's what we're hearing across the board. real quick, you going to raise your dividend this spring? >> well, as you know, we have to go through the process, and we have to wait to see what the fed says, but i'm optimistic. i can't speak for the fed but i'm personally optimistic. >> we'll leave it there. mr. king, good to have you on the program. >> have a good day. >> and to you. chairman and ceo of bb&t. didn't hold on to the triple-digit gains. does that mean we're setting up for a pullback tomorrow? our panel of wall street pros will give you a leg up on what's going to move your money tomorrow. don't miss it. ♪ ♪ [ male
CNBC
Jan 18, 2013 4:00pm EST
of the year. as businesses get more confident because we get through the fiscal cliff and the debt ceiling issue. >> we'll see how we get through it and where the cuts come from. >> go ahead, samir. >> i was going to say it's been really interesting how much of a rotation you've seen in tech especially on the sentiment side. all about the death of the pc and the likes of intel and dell and hp selling off and now it's completely the opposite where a lot of the stocks have had pretty nice runs, whether it's because, you know, they have announced restructurings or buybacks, and now it's kind of the -- maybe not the death of it or whatever, but you've had a very nice pullback. very interesting how quickly you've seen that rotation in technology, and i kind of point people back to the fall as to how quickly things change in a hurry. >> thanks very much. have a great weekend, and we will talk soon. >> thanks. >> appreciate your time tonight. major averages hitting three-week winning streaks with the dow and the s&p 500 touching five-year highs. bob pisani has all the action today. >> the importa
MSNBC
Jan 15, 2013 6:00am PST
deadlines. you have the debt ceiling issue. all of those are in the mix right now because they are all coming to a head at the same time. we are going to need to deal with all of them. can't we be responsible? can't we work collaboratively on this? if we can -- hearing from the white house that, you know, you go figure it out. it is not my problem. i didn't have anything to do with this. that's not the way to go. >> let me ask you about your job as the head of the republican campaign committee. will you support all incumbent house republicans no matter what under all circumstances? or -- is your job to eliminate primary opposition? >> you know, i love how you -- you know, we try to talk in absolutes here. we are a member of organization that supports republicans and republican members of the house. here's when we do and we go out and recruit. i think, you know the voters want to check and balance in washington. we are going to offer a positive alternative. great candidates. we now -- second biggest majority since world war ii coming off the biggest majority. we intend to build on that.
CNN
Jan 14, 2013 9:00am PST
that. so we -- and we still have that strength. but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the r
FOX News
Jan 13, 2013 7:00am PST
it he gets it if he doesn't, he doesn't. meantime issues like the debt ceiling and gun control are he shall issues they say they may act unilaterally on. where does that leave the american people? >> i think those critics who say that about president obama's strategy they are probably right. president obama has a strong hand he has a better hand in washington than republicans do. the problem with things like gun control; in the senate even modern democrats join with republicans. if he tries to do something unilateral with debt ceiling or with guns the fight we are seeing right now and the fights we have seen in the last four years they will pail in comparison to just how locked down the whole city becomes over something like that. it would be such an incredibly melcose stand for the president to take especially on something like guns. probably less so in the debt ceiling. another thing that is shocking it senate majority leader reed and those in the senate acting unilaterally. when the last time you heard a chamber of commerce saying take the power away from us. he lost his power. >>
ABC
Jan 14, 2013 7:00am PST
marker on that issue of the debt ceiling. will it hit of how much it can borrow. the president says that congress must raise it. he will not negotiate. it's their responsibility. that puts the president squarely at odds with the president. they'll demand spending cuts before raising that ceiling. the president will not engage in negotiates, period. it's simply congress's responsibility to act. >> he's ruled out any unilateral work-around. >>> an element of here we go again. >> it certainly does. so many times, back in august 2011, again, just before the end of this year, the president in pa major confrontation with congress over fiscal issues, taxes and spending and debt. >> you're looking at the door slightly ajarred to the green room, right next to the east room, and the president has been gathering there, we noticed that he postponed this press conference a couple of times this morning. a few delays. >> supposed to be around 11:15. we're almost half-hour after that. not quite. the president could face questions about personnel in the second term. he's facing a big fight with his
CSPAN
Jan 16, 2013 9:00am EST
'm still pleading ignorance on in this whole debt ceiling issue. i'm telling you what would happen if congress did not raise the debt ceiling that would make it such a dangerous option for going forward. >> i think our credit rating go down, and how would we pay the bills? how would we pay social security? how would we pay veterans? >> there wouldn't be any money? >> no -- >> [inaudible] >> the republicans are saying pick and choose. and so let's have a vote here. which ones would we pick? which ones would not occur right away? i mean, the president was right to say, in my judgment, to the republicans don't do it. you're playing with fire. >> but why? i haven't -- i don't understand that, i guess. >> why what? >> why are they playing with fire? what would happen in? >> but those are two different questions. i think the republicans have some idea what would happen. we've been through this with the credit rating. and i think, essentially, they know what would happen, and so they say let's pick and choose. by the way, they haven't said which they would pick. and which would be left as
FOX Business
Jan 14, 2013 11:00am EST
. the debt ceiling is something that he will lead with. you should expect to hear a number of different issues. gun control will be one of them. fiscal issues did not know away. i think that and deficits will be a major part of what you hear from the president. connell: dagen had a good question earlier, why a formal news conference now? >> i think he is trying to put maximum pressure on the republicans to negotiate. i think the republicans are in disarray. when your opponent is weak, go for the kill. dagen: third-graders compromise would be on guns. we want to introduce the president of the united states. >> good morning. i thought it would make sense to take some questions this week as my first term comes to an end. it has been a busy and productive for years. i expect that same thing for the next four years. right now, our economy is growing and our businesses are creating jobs. we are poised for a good year, if we make smart decisions and sound investments. as long as washington politics do not get in the way of america's progress. as i said on the campaign, one component to growing
FOX Business
Jan 15, 2013 11:00am EST
that are going to be before us, once we get past this debt ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united state
CBS
Jan 14, 2013 7:00am PST
will open up with remarks about three to five minutes about the debt ceiling. it's an issue that's been with the president throughout his presidency. he's worked with congress four times to raise it the first time with the stimulus law in 2009, but this time, the president said he has no intention of negotiating with republicans in congress about whether to raise the debt ceiling, saying it's their obligation, not his. another issue clearly to come up will be gun violence. the vice president, joe biden, presents his recommendations based on his task force meetings with the president tomorrow. and maybe the chuck hagel nomination, though which not beleaguered, has developed momentum on capitol hill. those three issues, scott, likely to dominate today's press conference. >> major, thank you very much. six days before inauguration day for the president and it has been exactly one month since that unimaginable tragedy at newtown, connecticut. the vice president has spent the last several days talking to various constituent groups about gun violence in this country, me
ABC
Jan 20, 2013 9:00am EST
to force the issue using the debt ceiling in 2011, the fiscal cliff in january. i was as gung-ho as any of them to force obama into cutting spending. the government spendinis spendiding us into penury. but it faed because you cannot govern froone house of t congress. that is the truth. i wrote a column this morning ying essentially you have to recognize you cannot use these things because, in the end, you will be humiliated. ratings will be low, d you will not get the spending ts anyways. i think that adds some realism. certainly, i do not think the republic house is going to want to go over the cliff. >> let's think about what happened. the president has gone from dealing with the big problem that faces t whole country, to try to destroy the republican party. this is exactly what the public does not want. we are turning to small petty brinksmanship. let's see if we can crush the republican par. he has giv up on a larger and re noble goal. >> i am not going to say who iss right or wrong in the negotiations, they were very close. but the reason the grand bargain has twice fallen through
MSNBC
Jan 15, 2013 11:00am PST
nothing and there are also no meetings even planned regarding the debt ceiling and the inevitable issue that is are faced by those who need to make the decisions for us. >> yeah. we have got this triple deadline coming up. and nobody -- everybody says they don't want to do it at the last minute the way we did with the fiscal cliff but nobody seems to be talking about it yet. you don't have negotiations started. granted we are in a bit of a holding pattern with the inauguration coming up and maybe things start to happen after that but nobody seems to be jumping in proactively for a solution to these issues that are coming up and that's because they're tough decisions. they're hard. and nobody has something that is universally palatable ready to off offer. >> with that said, will we see a separation of spending cuts the republicans say they want to desperately and separate it from the debt ceiling? as the president said, you can't run out on a meal you have eaten. this is not new debt. this is bills we have acquired. the government and this country must be obligated to do the same. >> wel
PBS
Jan 20, 2013 12:30pm PST
yourself. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures under consideration in texas and the governor of mississippi says he wants to make it iegal in the state to enforce any new federal gun laws. how many times have we had this debate? this time after the murders of the children in newtown, conn., the president tells us this is different. the president has signed 23 executive orders aimed at reducing gun violence and is urging congress to reinstate a ban on so-called assault weapons, limit the size on magazines, and mandate here are some background checks for all gun sales. he is also asking the public to put heat on members of congress. remembers of congress if they support univer
PBS
Jan 20, 2013 3:00pm PST
. they tried to force the issue using the debt ceiling in 2011, using the fiscal cliff in january. i am as gung-ho as any of them to force obama into cutting spending. but it failed, and the reason is, you cannot govern from one house of the congress. that is the truth. i wrote a column this morning saying essentially, you have to recognize, you cannot use these things come up as in the end, you will have to cave. you will be humiliated and our ratings will be low, as you indicated, and you will not get the spending cuts anyway. certainly, i do not think the republican house will want to go over the cliff. >> the president of the united states has gone from dealing with the big problem that faces the whole country to try to destroy the republican party. this is exactly what the public does not want. we are turning into small, petty brinksmanship. let's see if we can crush the republican party. he has given up on the larger and more noble goal of doing something. >> i am not going to say who was right or wrong in the negotiations but the reason that this grand bargain has twice fallen through is
FOX
Jan 15, 2013 5:00am PST
the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a f
CSPAN
Jan 15, 2013 1:00am EST
you, essentially, to take -- consider some sort of executive action on this debt ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and i'm h
FOX News
Jan 14, 2013 8:00am PST
to the president tomorrow. other hot issues, the debt ceiling and immigration we may be hearing about. we want to know what you would ask the president if you're able to ask him a question. you can tweet us at happening now those questions. jon: sounds good. heather touched on it. vice president joe biden presents his plan to curb gun violence to president obama tomorrow. one city is apparently not waiting around for washington act. chicago quickly becoming ground zero in the debate on gun control. that city saw more than 500 murders last year, prompting mayor rahm emanuel to take action with a gun control plan of his own. steve brown is live in chicago right now, but i guess mayor emanuel is not. he is in d.c. today suggesting democratic strategy to try to get gun control accomplished, is that right, steve? >> reporter: in a sense yes, it was part of the discussion at a public revent held in washington that mayor emanuel took part in. local press was made aware of it well in advance. it touches on the city's most dramatic problem which is gun violence in this city. you mentioned over 500 homi
ABC
Jan 20, 2013 9:30am EST
down but - -- >> t the debt ceiling isis a very teorary issue. what the bond rating agencies are focused on is that we ve gone to the point where we cannot come up with taxing ructure. we're getting into o the kinds of situations that italy is in. >> where are the specific prosals? >> i will givyou a propol if you want to be ththat way.. t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joining us. ♪ ♪ ♪ ♪ [ multiple sounds making melodic
MSNBC
Jan 18, 2013 6:00pm PST
think my answer is yes and no. the previous debt ceiling standoff, one of the issues was when would the next debt ceiling be reached, annoy, remember the republicans -- and even harry reid suggested that they do this every six months, get a temporary extension and come back in six months. at one point the republicans were proposing three extensions, three votes before the next election. and the president, meeting with his own aides about this said that's it. i'm done. i'm not doing this. this is not how the constitution was meant -- was designed. our founding fathers did not envision a day when members of congress could hold the president hostage by not paying the bills they themselves had racked up. and as often happens in these situations, the cooler heads on his staff said, well, mr. president, we understand how you feel, but we may have to cut the -- no, i'm not going to do it. he was very firm because he believed it was not just affecting him but about preserving the status of the presidency for future presidents. and in the end one of the things he was most proud of in that de
FOX News
Jan 16, 2013 6:00pm PST
, from the fiscal cliff, this issue, we have continuing resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration, first administration, namely the republican house. he set up the fiscal cliff negotiations deliberately to split the republicans in the house, knowing that if he did, it would neuter the opposition and he would have the kind of dominance of washington, which he had in the first two years before he lost the house in the mid term elections. so, i have no doubt that that's how he used the fiscal cliff. that's how he's going to use the issue of immigration and that's how he's going to approach the debt ceiling and other issues and it's his objective
CSPAN
Jan 15, 2013 11:00pm EST
this with the debt ceiling issue, what exactly would happen if congress did got raised the debt ceiling in what makes it a dangerous option of? >> our credit rating would go down and how would we pay the bills? how would we pay social security? how would be paid veterans? >> there is no money? >> the republicans say pick and choose. so let's have a vote. who do we pack? -- pick? the president was right to say, in my judgment, to the republicans, don't do it. you are playing with fire. >> why? why are we playing with fire? what would happen? >> those are two different questions. the republicans have an idea. we have been through this with a credit rating. they know what would happen so they say pick and choose. the president made clear we're not talking about future expenses but paying for what congress has voted. pick and choose is something at this point* is theoretical but will become very real without spelling out. you will not pay soldiers or send out social security checks are paid defense contractors? that is what is involved. >> of democrats feel this is dangerous is a net the republican advan
MSNBC
Jan 13, 2013 9:00am PST
felt would be resolved ultimately in some form the way that it was. the debt ceiling crisis does sort of put these o'two sides, the republicans and democrats and the white house and congress head to head. once again right now, the republicans have insisted that the only way they will raise that debt ceiling past the 16.4 trillion mark where it is right now is if they get dollar for-dollar spending cuts that match that raise. the president has said, his press secretary has said, they will not negotiate on this issue. on the fiscal cliff issue they were willing to negotiate. there were obviously conversations behind the scenes. we know the leaders of congress came here to the white house. on the debt ceiling issue it is dramatically different. and on top of that you also have two other issues where these two sides will be going head to head. again, the issue of sequester. and obviously, the continuing resolution, basically the way the government is paid for going forward. so we've got a busy couple months ahead of us. >> we do. hey, peter, we have to take note that we're going to see yo
CNN
Jan 20, 2013 6:00am PST
to issues like the debt ceiling? you said republicans were more flood throwing the country back into recession, talking about gun control, saying, ask, you should call your congressman and ask why they are against us, is it because of the nra, they care more about them than they did about first graders are. what do you make of the tone of the president at this point? >> the president, candy you seems so fix said. the president seems so fix said on demonizing republicans that he is blinded to the opportunities as well as the obligations that he has to deal with big problems in this country on debt and entitlements. >> the same problems on the republican side as well? >> the president if he hits the reset bunt, like did he with russia, time to hit the reset but the within republicans and look to the inclusions of the major problems and divided government a perfect time do it, candy. >> senator john barrasso, thanks for joining us this morning. >> thanks for having me. >>> coming up, the next four years with former senator russ feingold, former speaker of the house newt gingrich, "
MSNBC
Jan 14, 2013 10:00am PST
on the debt ceiling. >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. >> taking a stand on the one-month anniversary of the newtown massacre. the families speak out. >> this is a promise to turn the conversation into actions. things must change. this is the time. this is a promise we make to our precious children because each child, every human life, is filled with promise, and though we continue to be filled with unbearable pain, we choose love, belief, and hope instead of anger. >> calling them out. tough words from former secretary of state general colin powell for his fellow republicans on race. >> there's also a dark vein of intolerance many some parts of the party. >> the end of the longest war and the man president obama has nominated to wind it down coming up. retired general stanley mcchrystal on chuck hagel. the exit strategy from afghanistan and his own career. >>> plus, show stopper. president clinton he should the standing ovation with his surprise appearance on "lincoln" at the golden globes. >> in "lincoln" we see a man more interesting
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